Netflix almost destroys itself by creating Quikster

Netflix almost destroys itself by creating Quikster

  Netflix’s streaming business had grown so quickly by 2010 that the company had shifted its focus from being the fastest-growing customer of the United States Postal Service’s first-class mail service, to the largest evening traffic source for Internet streaming in North America. The company subsequently introduced a standalone streaming service that was separate to…

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Blockbuster passes on the chance to buy Netflix and ends up going bankrupt

Blockbuster passes on the chance to buy Netflix and ends up going bankrupt

  Blockbuster was a retailer of home movie and video game rental services. At its peak back in 2004, the company consisted of approximately 60,000 employees and 9,000 stores that generated revenues of $5.9 billion.   Back in the year 2000 Reed Hastings, the founder of Netflix, approached former Blockbuster CEO John Antioco and asked…

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